The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Munder Wins Mandate from Troubled Amerindo Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 06, 2005

Munder Wins Mandate from Troubled Amerindo

by: Sean Hanna, Editor in Chief

Amerindo Technology D Fund's board has tapped Munder Capital Management as the fund's new advisor. The hiring came a week after Federal investigators arrested Alberto Vilar and Gary Tanaka on fraud charges. The board initiated the search for a new advisor last week after stripping Vilar and Tanaka of their portfolio management duties.

The fund had more than $36 billion in assets at the end of March. How much of the assets remain with the fund is a question. Last Monday, Morningstar recommended to shareholders that they sell the fund. That recommendation has been picked up by a number of newspapers as has a similar recommendation by syndicated fund columnist Charles Jaffe.

"While Munder offers a broad and diverse range of investment options to build a well-balanced investment portfolio, our expertise in the technology sector is well known in the industry," said Enrique Chang, president and chief investment officer at Munder Capital. "Our team of technology sector analysts and portfolio managers is uniquely suited to assume daily management of this fund."

Last week U.S. District Court Judge Laura Taylor Swain on Thursday appointed Robert Knuts, a lawyer, to monitor Amerindo Investment Advisors. The SEC had sought the appointment after it made related allegations against Vilar and Tanaka.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use